BITCOIN
Jan 10th 2018, 10:27 am
#47
Yo
Joined: Nov 2012
Location: UK
Posts: 24,474
Re: BITCOIN
There seems to have been a split in the original Bitcoin into two forms, 'original' and Segwit. The latter carries transaction costs so is more a payment system than the original which is de facto digital money. I think there are two issues: legitimacy (whether governments will permit an uncontrolled currency - they will not) and speculative value (the value of bitcoin in $ £ etc). If someone is using it to transact (money) the value is in theory not that relevant, but the furore seems to be the massive speculation into the intrinsic value of bitcoin, and that's what is unsustainable. It's being bought because many see it as a closed system and therefore a one way bet. The bitcoin 'industry' appears to be encouraging this view.
Jan 11th 2018, 3:35 am
#48
BE Enthusiast
Thread Starter
Joined: Feb 2013
Location: AB
Posts: 905
Re: BITCOIN
US$12900 today....a correction of the price or....
Jan 16th 2018, 8:35 pm
#50
Listen to the Music
Joined: Mar 2013
Location: Fraser Valley BC
Posts: 4,712
Re: BITCOIN
Currently in freefall at $10550
Feb 6th 2018, 12:01 am
#51
BE Enthusiast
Thread Starter
Joined: Feb 2013
Location: AB
Posts: 905
Re: BITCOIN
Want to know about BITCOIN ?????
A lot of monkeys lived near a village.
One day a merchant came to the village to buy these monkeys!
He announced that he will buy the monkeys @ $100 each.
The villagers thought that this man is mad.
They thought how can somebody buy stray monkeys at $100 each?
Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey.
This news spread like wildfire and people caught monkeys and sold it to the merchant.
After a few days, the merchant announced that he will buy monkeys @ 200 each.
The lazy villagers also ran around to catch the remaining monkeys!
They sold the remaining monkeys @ 200 each.
Then the merchant announced that he will buy monkeys @ 500 each!
The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got 500 each.
The villagers were waiting anxiously for the next announcement.
Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ 1000 each!
He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.
The merchant went home.
The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.☹
Then the employee told them that he will sell some monkeys @ 700 each secretly.
This news spread like fire. Since the merchant buys monkey @ 1000 each, there is a 300 profit for each monkey.
The next day, villagers made a queue near the monkey cage.
The employee sold all the monkeys at 700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!
The villagers took care of their monkeys & waited for the merchant to return.
But nobody came! ... Then they ran to the employee..
But he has already left too !
The villagers then realised that they have bought the useless stray monkeys @ 700 each and unable to sell them!
The Bitcoin will be the next monkey business
It will make a lot of people bankrupt and a few people filthy rich in this monkey business.
That ‘s how it will work, got this off Facebook!
A lot of monkeys lived near a village.
One day a merchant came to the village to buy these monkeys!
He announced that he will buy the monkeys @ $100 each.
The villagers thought that this man is mad.
They thought how can somebody buy stray monkeys at $100 each?
Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey.
This news spread like wildfire and people caught monkeys and sold it to the merchant.
After a few days, the merchant announced that he will buy monkeys @ 200 each.
The lazy villagers also ran around to catch the remaining monkeys!
They sold the remaining monkeys @ 200 each.
Then the merchant announced that he will buy monkeys @ 500 each!
The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got 500 each.
The villagers were waiting anxiously for the next announcement.
Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ 1000 each!
He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.
The merchant went home.
The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.☹
Then the employee told them that he will sell some monkeys @ 700 each secretly.
This news spread like fire. Since the merchant buys monkey @ 1000 each, there is a 300 profit for each monkey.
The next day, villagers made a queue near the monkey cage.
The employee sold all the monkeys at 700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!
The villagers took care of their monkeys & waited for the merchant to return.
But nobody came! ... Then they ran to the employee..
But he has already left too !
The villagers then realised that they have bought the useless stray monkeys @ 700 each and unable to sell them!
The Bitcoin will be the next monkey business
It will make a lot of people bankrupt and a few people filthy rich in this monkey business.
That ‘s how it will work, got this off Facebook!
Feb 6th 2018, 12:03 am
#52
BE Enthusiast
Thread Starter
Joined: Feb 2013
Location: AB
Posts: 905
Re: BITCOIN
$6900 today!
Free fall $6350 in just over an hour.
I shall buy in at $200....maybe.
Free fall $6350 in just over an hour.
I shall buy in at $200....maybe.
Last edited by Yorkiechef; Feb 6th 2018 at 1:31 am.
